Sunday, August 21, 2005

'Peak oil' spells cataclysm for U.S., oil theorist warns

I learned this particular piece of history from this article:

"It's the five-year time scale that I'm really scared about." History has demonstrated that the fear of a coming oil shortage, justified or not, can be a powerful determinant of events. U.S. oil experts predicted a "gasoline famine" just after World War I, prompting Britain to combine three former provinces of the Ottoman Empire into a new, oil-rich country that was to remain friendly to England.

It was named Iraq."

.....I knew Churchill divided up the Mideast but I didn't know the reasoning behind how it was done. Fascinating. You can tell I haven't read alot about history, can't you!? lol

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